Company’s 36-month beta value is 0.57.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GGR is 176.71M, and currently, short sellers hold a 1.64% ratio of that floaft. The average trading volume of GGR on October 07, 2024 was 1.04M shares.
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GGR) stock’s latest price update
Gogoro Inc (NASDAQ: GGR)’s stock price has gone rise by 8.10 in comparison to its previous close of 0.60, however, the company has experienced a 23.15% increase in its stock price over the last five trading days. accesswire.com reported 2024-10-06 that LOS ANGELES, CA / ACCESSWIRE / October 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Gogoro Inc. (“Gogoro” or “the Company”) (NASDAQ:GGR) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
GGR’s Market Performance
GGR’s stock has risen by 23.15% in the past week, with a monthly drop of -41.20% and a quarterly drop of -57.06%. The volatility ratio for the week is 17.29% while the volatility levels for the last 30 days are 13.73% for Gogoro Inc The simple moving average for the past 20 days is -7.63% for GGR’s stock, with a -58.57% simple moving average for the past 200 days.
Analysts’ Opinion of GGR
JP Morgan gave a rating of “Underweight” to GGR, setting the target price at $4.30 in the report published on September 20th of the previous year.
GGR Trading at -37.97% from the 50-Day Moving Average
After a stumble in the market that brought GGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.02% of loss for the given period.
Volatility was left at 13.73%, however, over the last 30 days, the volatility rate increased by 17.29%, as shares sank -41.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.77% lower at present.
During the last 5 trading sessions, GGR rose by +22.36%, which changed the moving average for the period of 200-days by -75.71% in comparison to the 20-day moving average, which settled at $0.6840. In addition, Gogoro Inc saw -74.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GGR starting from Peng Ming-I, who proposed sale 12,826 shares at the price of $1.10 back on Sep 10 ’24. After this action, Peng Ming-I now owns shares of Gogoro Inc, valued at $14,109 using the latest closing price.
Peng Ming-I, the Officer of Gogoro Inc, proposed sale 133,923 shares at $1.31 during a trade that took place back on Aug 13 ’24, which means that Peng Ming-I is holding shares at $175,439 based on the most recent closing price.
Stock Fundamentals for GGR
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.11 for the gross margin
The net margin for Gogoro Inc stands at -0.19. The total capital return value is set at -0.15. Equity return is now at value -24.22, with -7.70 for asset returns.
Based on Gogoro Inc (GGR), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is -9.13.
Currently, EBITDA for the company is 13.03 million with net debt to EBITDA at 8.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 16.26for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In a nutshell, Gogoro Inc (GGR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
